One thing I immediately noticed this morning, is how much USD-T had gained relative to its normally inconspicuous (boring) deviation (lack of change).
It's obvious now.
If I can personify a moment, Bitcoin doesn't like money moving in and out. If we thought Ethereum was like a turtle, over-reacting and pulling its head into its shell at the slightest movement, Bitcoin is a rabbit racing off into the grass.
Someone with smarter math skills than I can calculate the volatility, but it is obvious from looking at this graph, and we should have been well aware that a very quick draw-down was ahead. Until we see some relative calm (like we did preceding these past weeks, we will continue to have difficulty moving up in any meaningful way.
It's obvious now.
If I can personify a moment, Bitcoin doesn't like money moving in and out. If we thought Ethereum was like a turtle, over-reacting and pulling its head into its shell at the slightest movement, Bitcoin is a rabbit racing off into the grass.
Someone with smarter math skills than I can calculate the volatility, but it is obvious from looking at this graph, and we should have been well aware that a very quick draw-down was ahead. Until we see some relative calm (like we did preceding these past weeks, we will continue to have difficulty moving up in any meaningful way.